Steinhoff to Acquire Mattress Firm (MFRM) in $2.4B Deal
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Mattress Firm To Be Acquired by Steinhoff International for $64.00 Per Share in Cash
August 8, 2016 12:01 AM EDTHOUSTON--(BUSINESS WIRE)-- Mattress Firm Holding Corp. (Mattress Firm or the "Company") (NASDAQ: MFRM), the nation's largest mattress retailer, today announced that the Company and Steinhoff International Holdings N.V. (Steinhoff) (FRANKFURT: SNH) have entered into a definitive merger agreement under which Steinhoff will, subject to the successful consummation of a cash tender offer and satisfaction of other customary closing conditions, acquire Mattress Firm for $64.00 per share in cash, which represents a premium of 115% over the Companys closing stock price of $29.74 on Friday, August 5, 2016. This represents a total equity value of approximately $2.4 billion... More
